In its 62 year history, the multinational appliance corporation has become best known for its line of televisions, refrigerators, and washing machines. With a mission to bring added value to the lives of consumers, LG Electronics offers a wide range of refrigerators, washing machines, dishwashers, cooking appliances, vacuum cleaners, air conditioners, TVs, audio and video systems, PCs, computer monitors, HVAC units, mobile devices, and other home appliances. With more than 125 operations across the globe, LG Electronics sells home entertainment, mobile communications, home appliances, air solutions, and vehicle component systems and appliances to consumers in virtually every region of the world. Koo In-hwoi originally founded the business in 1958 as GoldStar, then changed names in 1995 to LG Electronics, and was again reincorporated in 2002. LG Electronics is the second largest appliance manufacturing company in the world and the fourth-largest international LCD television manufacturer. Here are the top 10 largest appliance manufacturers in the world, ranked by total annual sales: To break it down, we’ve assembled a list of the ten largest appliance manufacturers in the world, based on their reported annual sales and revenues in 2020.ġ0 Largest Appliance Manufacturers In The World Internationally, several major players are driving the appliance manufacturing industry’s growth throughout the world. Many of the world’s largest appliance manufacturers design, develop, and sell a wide range of kitchen, laundry, and household appliances in facilities across the globe. The multi-billion-dollar industry includes manufacturing electrical and mechanical devices and appliances for private household and professional commercial use. In fact, appliance manufacturers are some of the most profitable corporations in the world. ![]() The global appliance manufacturer market is projected to grow at a CAGR of 4.81% through 2028.įrom microwaves, ovens, toasters, and other smaller domestic devices, to refrigerators and freezers, dishwashers, washing and drying machines, and more, the world’s largest appliance manufacturers offer consumers various options when purchasing appliances for private, domestic, and commercial use. ![]() Over 80% of all US households have a microwave or refrigerator. The largest appliance manufacturer in the world is LG Electronics, with a 2022 annual sales of $66.8 billion and 36,499 employees.Īs of 2023, the global household appliance industry has a market size of $0.72 trillion. Largest Appliance Manufacturers Research Summary
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